Title: Define and explain the concept of globalisation (2 pages). Discuss the arguments in favour of and against globalisation (3 pages).

Table of contents
1.Introduction
2.Definition and explanation of globalisation
3.Arguments in favour and against globalisation
4.Conclusion

Introduction The assignment focuses on the pros and cons of Globalisation and whether globalisation can continue to grow at the rate it is going. I have discussed how globalisation affects the poor, the economy, environment, technology and culture. Globalisation is a complicated and evolving process and has become one of the most debated issues around the globe. The topic is so debatable that there is no one conventional definition of globalisation. (Griffin 2007) “Globalisation is a complicated and evolving process and has become one of the most debated issues around the globe. The topic is so debatable that there is no one conventional definition of globalisation. However it can be narrowly defined as the inexorable integration of markets, nation status and technologies in a way that is enabling individuals, corporations and nations states to reach around the world, further, faster, deeper and cheaper than ever before”. Different globalisation dimensions will be discussed in this assignment.

Define and explain the concept of globalisationLabonte et al (2004:1) in (study Guide, development problems and institutions, DVA 1601:139) elaborate on this neutral view of globalisation by explaining as follows: To some, it is an inescapable and primarily being process of global economic intergration, in which countries increasingly drop border restrictions on the flow of capital, goods and services. Acknowledged risks of more rapid spread of disease and pests accompany the speedier and more massive movement of goods and people, but these are not new. Risks can be managed and are more than offset by benefits in the diffusion of new ideas, technologies and steady global economic growth.

(Wikipedia dictionary: 2013) “Globalisation is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture”. Globalisation describes the interplay across cultures of social forces such as religion, politics and economics. Globalisation can erode and universalize the characteristics of a local group. Advances in transportation and telecommunications infrastructure, including the rise of the internet, are major factors in globalisation, generating further interdependence of economic and cultural activities.(Willet 2001a:1) in Study Guide, development problems and institutions,DVA1601:139) mentioned that globalisation captures a description of the widening and deepening of economic,political,social and cultural interdependence and interconnectedness.

Globalisation is composed of five dimensions: Economic, Political, Cultural, Ecological and Ideological. Economic globalisation refers to the intensification and stretching of Economic interrelations around the globe. It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions. Political globalisation refers to the intensification and expansion of political interrelations around the globe. Aspects of political globalisation include the modern-nation state system and its changing place in today’s world, the role of global governance and the direction of our global political systems. Cultural globalisation refers to the intensification and expansion of cultural flows across the globe. Culture is a very broad concept and has many facets, but in the discussion on globalisation. Topics under this heading include discussion about the development of a global...

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...I. Introduction to Globalization
Teachers may want to have the students read this introduction before they read the essays on "Globalization" to provide a basic understanding of the concepts included therein.
"Globalization" is a term that came into popular usage in the 1980's to describe the increased movement of people, knowledge and ideas, and goods and money across national borders that has led to increased interconnectedness among the world's populations, economically, politically, socially and culturally. Although globalization is often thought of in economic terms (i.e., "the global marketplace"), this process has many social and political implications as well. Many in local communities associate globalization with modernization (i.e., the transformation of "traditional" societies into "Western" industrialized ones). At the global level, globalization is thought of in terms of the challenges it poses to the role of governments in international affairs and the global economy.
There are heated debates about globalization and its positive and negative effects. While globalization is thought of by many as having the potential to make societies richer through trade and to bring knowledge and information to people around the world, there are many others who perceive globalization as contributing to the exploitation of the poor by the rich, and as a threat to traditional cultures as the process of modernization changes societies. There...

...last two decades or so, a period. As a word it has existed since the 1960s. The dictionary definition is a great deal drier. Globalisation (n) is the "process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications" (Collins) or - from the US - to "make worldwide in scope or application" (Webster). Globalisation can be understood or characterized by intensification of global interconnectedness between both states and non-state actors. It is a multidimensional process involving technological, political, economic, and cultural issues. It implies lessening of the significance of territorial boundaries and, theoretically, of government- directed political and economic structures and processes.
It can be characterized by the rapid integration of the world economy, the innovations and growth in international electronic communications and the increasing political and cultural awareness of the global interdependency of humanity. And so, therefore there are four aspects of globalisation- technological, political, economic and cultural.
A lot of people agree that globalisation has lots of effect on or affected us on so many levels. Some agree that globalisation is good and others are against it. People who don’t support globalisation thought that globalisation or ‘economic...

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Globalisation brought everyone around the world closer, not only in the virtual world
but also in the real world. As the distance between people get closer, it interlinks life
here in Singapore to the life of people who are miles away from us. This also means
any disaster or financial crisis that occurs miles away can have an impact on
Singapore’s economy. So what exactly is globalisation?
“Globalisation refers to an ongoing process of economic and social integration of
economies around the world. The key drivers of globalisation are trade and the
movement of capital and people.” (The Straits Times, Review, pA26).
For the purpose of this assignment, the advantages and the disadvantages that
globalisation will be discussed.
Starting with the advantages of globalisation from the local’s point of view.
Globalisation remove or reduce the barriers between nations by the means of
transportation and communication. Gross domestic product (GDP) has always
regard as the measure of the nation’s economy health. Given Singapore’s strategic
trading location in South East Asia, it attracts foreign investment and this caused
globalisation to take place rapidly and drove Singapore’s GDP higher each year.
Since globalisation has a positive impact on our GDP, it means that Singapore can
enjoy the benefits of higher income, lower unemployment,...

...Introduction
Economic globalisation is the increased integration between the national economies around the world, which leads to the rapid increase of overseas trade. Since 1978, there was the economic reform in China which was led by Deng Xiaoping, Chinese leadership began to move forwards to a more market- oriented mixed economy. After that, China has achieved a significant economic growth. In 2001, China has become a member of WTO (World Trade Organisation), which gives this country a lot more chances for international trade. With the economy has been more and more globalised, Chinese economy has been affected momentously in both good ways and bad ways. The positive effect is that globalisation boosts the economic growth in China, people’s living standards have been improved, and globalisation leads to more trade and investment. However, with the rapid economic growth, there are also some negative factors occurring, such as inequality between the rich and the poor; social instability such as riots; and some environmental issues such as pollutions.First, this essay is going to analysis the positive impacts on Chinese economy from globalisation; then the essay will evaluate the negative effects on Chinese economy from globalisation.
Positive impacts on Chinese Economy
Economic Growth&amp; Living Standard
There are more...

...
Globalisation
What is globalisation?
According to OECD globalization is “The geographic dispersion of industrial and service activities, for example research and development, sourcing of inputs, production and distribution, and the cross-border networking of companies, for example through joint ventures and the sharing of assets.”
Put simply this means the growth of MNC’s, international integration and increased free trade
The key characteristics ofglobalisation are:
1. Free trade: a flow of trade between different nations without excessive government control or influence (i.e. large tariffs)
2. Connectivity: Localities being connected with the world by breaking national boundaries; forging of links between one society and another, and between one country and another through international exchange of knowledge, technology, culture and ideas.
3. Interdependency: As globalisation intertwines economies the economies become more interdependent.
Short essay on globalisation
By ROHINI DASGUPTA
Summary: In the 1970’s industrialised countries had an economic crisis in order to combat this large companies expanded into less economically developed countries. These companies became MNC’s and have become increasingly more powerful to the point where they economically rival nations. Groups like the World Bank, the International Monetary Fund and the World...

...an economic stake in each other thus making political stability and cooperation more likely
Several authors have sought to define globalization in a variety of ways with relative success as a definite definition would restrict its meaning (Al-Rodhan, 2006). Giddens defined globalization as the intensification of worldwide social relations that link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa. (Giddens 1990, p.21). Scholte (2000, p.46) expressed this more clearly, stating that globalization can be viewed as the de-terrorialisation or growth of supraterriorial relation between people and the integration of the world-economy (Glipin, 2002, p.364). However, International Monetary Fund (IMF) gives an encompassing definition. The IMF defines globalization as
“A historical process, the result of human innovation and technological progress. It refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders. The term sometimes also refers to the movement of people (labor) and knowledge (technology) across international borders. There are also broader cultural, political, and environmental dimensions of globalization.” (Di Giovanni et all, 2008).
This paper adopts this definition as it explains the complexities involved in globalization and the process of facilitating...

...Concept of Globalization
Globalization means different things to different people. The three important perspectives of globalization are as follows:
• To a business executive, globalization refers to a strategy of crossing national boundaries through globalized production and marketing networks.
• To an economist, globalization refers to an economic interdependence between countries covering increased trade, technology, labor, and capital flows.
• To a political scientist, globalization refers to an integration of a global community in terms of ideas, norms, and values.
Because of these differences in perspectives, globalization has been defined in many different ways. The following are the widely used definitions of globalization:
• "Globalization is a free movement of goods, services, people, capital, and information across national boundaries."
• "Globalization is a process by which an activity or undertaking becomes worldwide in scope."
• "Globalization is a process of integration of the world as one market."
Form these definitions; it is clear that globalization leads to an integrated global economy. The process of globalization ultimately converts the huge globe into a small global village.
Forms of Globalization
Globalization is a multi-dimensional process. It has four important dimensions: economic, cultural, political, and environmental. The process of globalization is now influencing these aspects...

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Globalisation, Causes and Consequences:
The 21st century is the world of globalisation where people living in Australia have the Laptop made in China, Food produced in India and the dresses made in France. According to Oden (2001) globalisation has accelerated in the rapid pace in the last two decades. The new dynamic of the political, economic, financial, social and cultural forces of globalisation has been brought by the scientific and technical information revolution. It has also increase the cross border flows of tremendous volume of goods and services.
There are varying definition of globalisation by the economist and the financials people. According to Hartungi (2006), the economist perspective definition of globalisation is “As the reduction of transaction cost of trans-borders movements of capital and goods thus of factors of production and goods”. Furthermore, the globalisation process breakdown geographical borders between countries, government, the economy and communities. It creates the international financial market through openness of market, elimination of barriers in trade in goods and services. Similarly, the noble prize winner Amarty Sen definesglobalisation as “The intensification of the process of interaction involving trade migration and dissemination of knowledge that has shaped the progress of the world over millennia”...

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